Commissions

Futures and FOPs - Fixed Pricing Structure



North America

Our transparent Fixed pricing for futures in US markets includes our low broker commission plus exchange, regulatory and clearing fees. You are not charged a overnight position fee for positions held overnight. 1



United States
Commission per Contract
USD EUR GBP CAD CHF HKD AUD SEK SGD JPY CNH
US-Future and Future Options 0.85 0.65 0.60 0.85 0.95 7.00 0.95 6.50 1.20 85.00 5.50
NYBOT Russell 1000 and 2000 Index 0.45 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Globex e-mini FX Futures 0.50 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Globex e-micro FX Futures 0.15 N/A N/A 0.15 0.15 N/A N/A N/A N/A 15.00 1.00


United States - Exchange and Regulatory Fees 4


Canada
Commissions per Contract Minimum per Order
All CAD 2.40 CAD 2.40

1 Roundturn = CAD 4.80


Mexico
Commissions per Contract Minimum per Order
Forex Futures (USD) MXN 20.00 MXN 20.00
AMXL, CEMEXCPO, FEMSAUBD, GCARSOA1, TELMEXL, Forex Futures (EUR) MXN 25.00 MXN 25.00
BONO3, IPC Options MXN 40.00 MXN 40.00
IPC, BONO10 MXN 50.00 MXN 50.00

Forex Futures (USD):
1 Roundturn = MXN 40.00

AMXL, CEMEXCPO, FEMSAUBD, GCARSOA1, TELMEXL, Forex Futures (EUR):
1 Roundturn = MXN 50.00

BONO3, IPC Options:
1 Roundturn = MXN 80.00

PC, BONO10:
1 Roundturn = MXN 100.00



Europe

Our Fixed pricing for futures in non-US markets charges a single flat rate per contract or percent of trade value, including all commissions, exchange, regulatory, clearing and overnight position fees.




Belgium
Commissions per Contract Minimum per Order
All EUR 4.50 EUR 4.50

1 Roundturn = EUR 9.00


France
Commissions per Contract Minimum per Order
Mini-CAC40 Futures EUR 0.40 EUR 0.40
All Other EUR 2.00 EUR 2.00

1 Roundturn = EUR 4.00


Germany
Commissions per Contract Minimum per Order
All (including SSF) EUR 2.00 EUR 2.00
Mini-DAX Index EUR 0.80 EUR 0.80

1 Roundturn = EUR 4.00


Italy
Commissions per Contract Minimum per Order
SPMIB30, MFIB EUR 3.00 EUR 3.00
Mini MFIB30 EUR 2.00 EUR 2.00

SPMIB30, MFIB:
1 Roundturn = EUR 6.00

Mini MFIB30:
1 Roundturn = EUR 4.00


Netherlands
Commissions per Contract Minimum per Order
Mini-AEX Futures EUR 0.55 EUR 0.55
Index Futures EUR 2.80 EUR 2.80
Single Stock Futures EUR 2.00 EUR 2.00
All Other Futures EUR 3.00 EUR 3.00

Index Futures
1 Roundturn = EUR 5.60


Norway
Commissions per Contract Minimum per Order
Index Futures NOK 12.00 NOK 12.00
Stock Futures 0.05% of Trade Value N/A

1 Index Futures Roundturn = NOK 24.00


Spain
Commissions per Contract Minimum per Order
IBEX35 EUR 3.00 EUR 3.00
Mini IBEX35 Futures EUR 0.90 EUR 0.90
Mini IBEX35 Options EUR 0.80 EUR 0.80
Single Stock Futures EUR 2.00 EUR 2.00

IBEX35:
1 Roundturn = EUR 6.00

Mini IBEX35 Futures:
1 Roundturn = EUR 1.80

Mini IBEX35 Options:
1 Roundturn = EUR 1.60

Single Stock Futures:
1 Roundturn = EUR 4.00


Sweden
Commissions per Contract Minimum per Order
All not listed below SEK 20.00 SEK 20.00
Index Futures SEK 12.00 SEK 12.00
Stock Futures 0.05% of Trade Value N/A

1 Roundturn = SEK 40.00


Switzerland
Commissions per Contract Minimum per Order
All (including SSF) CHF 4.00 CHF 4.00

1 Roundturn = CHF 8.00


United Kingdom
Commissions per Contract Minimum per Order
All not listed below GBP 1.70 GBP 1.70
CHF-denominated not listed below CHF 2.50 CHF 2.50
EUR-denominated not listed below EUR 2.00 EUR 2.00
LIFFE Coffee and Sugar USD 3.10 USD 3.10
Intercontinental Exchange (USD Denominated Contracts) USD 2.40 USD 2.40
Single Stock Futures (GBP Denominated Contracts) GBP 1.70 GBP 1.70
Single Stock Futures (USD Denominated Contracts) USD 2.75 USD 2.75
Single Stock Futures (EUR Denominated Contracts) EUR 2.50 EUR 2.50
Single Stock Futures (CHF Denominated Contracts) CHF 3.75 CHF 3.75
IPE - UCA, UCX, NCF, RDAM USD 9.75 USD 9.75
IPE – Emissions Contracts EUR 6.00 EUR 6.00

All Not Listed Below:
1 Roundturn = GBP 3.40

LIFFE Coffee and Sugar:
1 Roundturn = USD 6.20

Intercontinental Exchange (USD Denominated Contracts):
1 Roundturn = USD 4.80

Single Stock Futures (GBP Denominated Contracts):
1 Roundturn = GBP 3.40

Single Stock Futures (USD Denominated Contracts):
1 Roundturn = USD 5.50

Single Stock Futures (EUR Denominated Contracts):
1 Roundturn = EUR 5.00

Single Stock Futures (CHF Denominated Contracts):
1 Roundturn = CHF 7.50



Asia-Pacific

Our Fixed pricing for futures in non-US markets charges a single flat rate per contract or percent of trade value, including all commissions, exchange, regulatory, clearing and overnight position fees.




Australia
Commissions per Contract Minimum per Order
VW, WH and BA AUD 6.25 AUD 6.25
SPI - Mini Futures AUD 1.00 AUD 1.00
All Other AUD 5.00 AUD 5.00

1 Roundturn = AUD 10.00


Hong Kong
Commissions per Contract Minimum per Order
HSI, CHH, CES120 HKD 30.00 HKD 30.00
MHI HKD 17.00 HKD 17.00
HFI.HK, HHI, MCH HKD 20.00 HKD 20.00
CNH CNH 13.00 CNH 13.00
Single Stock Futures HKD 20.00 HKD 20.00

HSI:
1 Roundturn = HKD 60.00

MHI:
1 Roundturn = HKD 34.00

HFI.HK, HHI, MCH:
1 Roundturn = HKD 40.00

HKG, HKS
1 Roundturn = USD 2.60

Single Stock Futures:
1 Roundturn = HKD 40.00


India

Securities Transaction Tax, Exchange Charges, and GST

Product Standard Minimum Maximum
Futures9 1 bps INR 6 INR 2010


Japan
Commissions per Contract Minimum per Order
JGB and all products not listed below JPY 500 JPY 500
TOPX, NKVI, N225 (futures) JPY 400 JPY 400
N225 Mini (futures) JPY 40 JPY 40
MNTPX, TPXC30, TSEREIT, JPNK400, TSEMOTHR JPY 50 JPY 50
MJ JPY 85 JPY 85

All Products Not Listed Below:
1 Roundturn = JPY 1000

JGB:
1 Roundturn = JPY 1000

N225:
1 Roundturn = JPY 800

N225 Mini:
1 Roundturn = JPY 80

MNTPX:
1 Roundturn = JPY 100

MJ:
1 Roundturn = JPY 170


Singapore
Commissions per Contract Minimum per Order
SSG SGD 4.00 SGD 4.00
US SGD 3.60 SGD 3.60
SEY and all JPY products not listed below JPY 300 JPY 300
UJ JPY 360 JPY 360
AJ and KJ JPY 285 JPY 285
SGXNK (NIY on SGXCME) (futures only) JPY 225 JPY 225
SGXNKM JPY 50 JPY 50
SGB JPY 85 JPY 85
CN (XINA50 China Index Futures) USD 2.85 USD 2.85
SCI future (Iron Ore) USD 3.25 USD 3.25
TH USD 2.25 USD 2.25
MD USD 3.25 USD 3.25
CY USD 1.80 USD 1.80
USD-denominated products not listed above USD 2.85 USD 2.85
UC CNH 11.20 CNH 11.20

SSG:
1 Roundturn = SGD 10.00

SEY:
1 Roundturn = JPY 600

SGXNKM :
1 Roundturn = JPY 100


South Korea
Commissions Minimum per Order
All not listed below 0.004% of Trade Value N/A
Stock futures 0.04% of Trade Value N/A
KWY futures 1,500 per contract N/A

1 Roundturn = 2 Contracts @ KRW 200 (500,000 Multiplier) = 200,000,000 x 0.004% = KRW 8,000


Notes:

  1. IB's Tiered commission models are not guaranteed to be a direct pass-through of exchange and third-party fees and rebates. Costs passed on to clients in IB's Tiered commission schedule may be greater than the costs paid by IB to the relevant exchange, regulator, clearinghouse or third party. For example, IB may receive volume discounts that are not passed on to clients. Likewise, rebates passed on to clients by IB may be less than the rebates IB receives from the relevant market.
  2. Volume tiers are applied based on monthly cumulative trade volume summed across all futures and futures options contracts at the time of the trade. Only contracts that are traded while under the Volume Tiered pricing structure will count towards the monthly volume. Contract volumes for advisor, institutions, and broker accounts are summed across all accounts for the purpose of determining volume breaks. These fees are applied on a marginal basis for a given calendar month. If for example, you execute 1,500 US contracts in a month, your IB execution costs would be: 1,000 contracts at USD 0.60 and 500 contracts at USD 0.45
  3. Overnight position charges are applied for each net futures contract, net short call futures options, or net short put futures options on a single underlying for each business day the net futures position is held overnight. The overnight position fee for accounts with excess equity in between the minimum requirement and 3x the minimum will have their overnight position fees extrapolated based on the table above.
  4. Non-member exchange and regulatory fees are applied, unless a client is pre-qualified by IB. Contact your sales person for more information.
  5. Exchange and Regulatory fees only apply for CFE.
  6. For the purpose of determining the monthly volume tier, each Globex e-mini FX product will count as ½ the volume of one standard size future contract. Each Globex e-micro FX product will count as 1/10 the volume of one standard size future contract, i.e. for every 10 e-micro FX Globex product traded, the monthly volume will increase by 1. NYBOT products will count as 1/2 the volume of one standard size future contract.
  7. 50 = NIFTY contract multiplier.
  8. IB commissions will be charged only on the opening leg in case of intra-day trades on the NSE (positions opened and closed on the same day). No commissions will be charged on the closing leg, other charges apply on both legs (such as STT, reg fees, exchange fees and etc).
  9. For first 100 lots. Portion of order above 100 lots will be charged at INR 5 per lot.
  10. The maximum per order for NRIs will be INR 150.

  • Commissions apply to all order types.
  • All fees are charged in the currency of the traded product.
  • VAT, also referred to as consumption tax, goods and services tax, where applicable, will be separately applied for eligible services.
  • Modified orders will be treated as the cancellation and replacement of an existing order with a new order. On certain exchanges, this may have the effect of subjecting modified orders to commission minimums as if they were new orders. For example, if an order for 200 contracts is submitted and 100 contracts execute, then you modify the order and another 100 contracts execute, a commission minimum would be applied to both 100 contract orders. Orders that persist overnight will be considered a new order for the purposes of determining order minimums.
  • Effective March 1, 2013, certain Italian stocks will be subject to a transaction tax. For additional details regarding the calculation of the tax, please refer here.
    Effective September 1, 2013, derivatives on those Italian securities subject to the transaction tax will similarly become subject to a transaction tax. For additional details regarding the derivative transaction tax, please refer here.

  • The standard commission will be charged for the exercise or assignment of any Futures or Future Options Contract. Click here for details.
  • Single Stock Futures are not available for volume tiered pricing.